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After reading Ms. Cat's lengthy article, it's really possible to publish a book. Previously, there was Li Xiaolai's 'Self-Cultivation of Leeks', and next there will be CZ's 'Binance Life'. Will there soon be Ms. Cat's 'Survival Guide in the Cryptocurrency World';
With this, I would like to summarize some viewpoints to share with everyone:
The cryptocurrency world is not about who makes money faster, but about who can survive longer— the definition of winning has never been how much money you make, but whether you can keep that money years later.
'Consensus upgrade' is the real bull market; everything else is just a 'flash in the pan'— a bull market is not driven by K-lines but is supported by 'a group of people voting with their feet and changing the world through actions'. If the price rises but the behavior doesn't change, that's called 'zombie trading'.
The mindset of chasing quick money is the biggest obstacle to making big money— the quick money mentality not only empties your wallet but also corrupts your belief system.
Belief is not about 'never selling at any cost', but about 'the reason to endure cycles'— if you hold Bitcoin just because 'others say it will rise', you definitely won't hold on when it drops 50%. But if you believe it is 'the fourth covenant between God and humanity' (the author's divine metaphor), then a crash is just a chapter in the story.
Establish your 'behavioral anchor points'; otherwise, trading will lead to your demise— test yourself: how much would you panic sell when the price drops? How much would you be greedy when it rises? Will you engage in 'revenge trading' after a loss? Write down your answers in advance; otherwise, the market will write them for you— in the form of losing money.
If you finish reading this and think, 'It's too long; just tell me which coin to buy', then you are what the author calls a 'quick money mindset patient'. The real secret is always counterintuitive— slow down, dig deep, accumulate, and live long enough to see it all.
'In the cryptocurrency world, making money relies on luck, keeping money relies on understanding, and enduring cycles relies on faith— and your biggest opponent will always be that part of yourself that wants to get rich overnight.'
With this, I would like to summarize some viewpoints to share with everyone:
The cryptocurrency world is not about who makes money faster, but about who can survive longer— the definition of winning has never been how much money you make, but whether you can keep that money years later.
'Consensus upgrade' is the real bull market; everything else is just a 'flash in the pan'— a bull market is not driven by K-lines but is supported by 'a group of people voting with their feet and changing the world through actions'. If the price rises but the behavior doesn't change, that's called 'zombie trading'.
The mindset of chasing quick money is the biggest obstacle to making big money— the quick money mentality not only empties your wallet but also corrupts your belief system.
Belief is not about 'never selling at any cost', but about 'the reason to endure cycles'— if you hold Bitcoin just because 'others say it will rise', you definitely won't hold on when it drops 50%. But if you believe it is 'the fourth covenant between God and humanity' (the author's divine metaphor), then a crash is just a chapter in the story.
Establish your 'behavioral anchor points'; otherwise, trading will lead to your demise— test yourself: how much would you panic sell when the price drops? How much would you be greedy when it rises? Will you engage in 'revenge trading' after a loss? Write down your answers in advance; otherwise, the market will write them for you— in the form of losing money.
If you finish reading this and think, 'It's too long; just tell me which coin to buy', then you are what the author calls a 'quick money mindset patient'. The real secret is always counterintuitive— slow down, dig deep, accumulate, and live long enough to see it all.
'In the cryptocurrency world, making money relies on luck, keeping money relies on understanding, and enduring cycles relies on faith— and your biggest opponent will always be that part of yourself that wants to get rich overnight.'
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.